Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SoDEX against Orderly−0.026%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.026% cheaper against Orderly than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_DRAM_USDC_mythos	61.900	0.0100	pay 0.0100% / 8h	3h 24m	$9K	—	10x
Short	SoDEX DRAM-USD	61.884	0.0050	get 0.0006% / 1h	24m 46s	$2K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee SoDEXbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$10.5
Price spread: −0.026% → 0.000%: −$2.58
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$27.08
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; SoDEX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

Orderly and SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

DRAM on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx DRAM/USDC	0.0000%	1h	61.889	−0.017%	$435K	$500K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.900	0.000%	$26.0M	$13.6M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.959	+0.096%	$36K	$186K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.890	−0.016%	$739	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.980	+0.129%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.890	−0.016%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0023%	1h	61.883	−0.028%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	61.880	−0.032%	$1.0M	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.880	−0.032%	$48K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.860	−0.065%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Entropy io:DRAM	+0.0050%	1h	61.869	−0.050%	$172K	$460K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.858	−0.068%	$260K	$1.3M	10x	as long as short
SoDEX DRAM-USDshort	+0.0050%	1h	61.884	−0.026%	$2K	$15K	20x
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.800	−0.162%	$1.1M	$2.4M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0064%	8h	61.900	0.000%	$5.4M	$4.6M	50x	as long as short
edgeX DRAMUSDC	+0.0080%	4h	61.939	+0.062%	$150K	$297K	20x	as long as short
Bybit DRAMUSDT	+0.0086%	8h	61.910	+0.016%	$9.6M	$9.8M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	61.875	−0.040%	$74K	$47K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.870	−0.048%	$3.0M	$397K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.920	+0.032%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythoslong	+0.0100%	8h	61.900	long leg	$9K	—	10x
Aevo DRAM-PERP	+0.0104%	1h	61.892	−0.013%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.110	+0.339%	$533K	$75K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0112%	8h	61.874	−0.042%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0136%	1h	61.865	−0.057%	$80.6M	$35.5M	20x	as long as short
Aster DRAMUSDT	+0.0157%	8h	61.887	−0.021%	$199K	$35K	20x	as long as short
Lighter DRAM	+0.0184%	1h	61.889	−0.018%	$1.1M	$1.2M	20x	as long as short
Variational Omni DRAM	+0.0217%	8h	61.874	−0.043%	$2.4M	$739K	—	as long as short
BloFin DRAM-USDT	+0.0255%	8h	61.920	+0.032%	$299K	$26K	20x	as long as short
Extended DRAM-USD	+0.0272%	1h	61.861	−0.063%	$76K	$458K	10x	as long as short
Binance DRAMUSDT	+0.0273%	8h	61.890	−0.016%	$44.4M	$81.2M	50x	as long as short
MEXC DRAM_USDT	+0.0275%	8h	61.880	−0.032%	$8.2M	$5.6M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0397%	1h	61.870	−0.048%	$13K	$3K	20x	as long as short
Gate DRAM_USDT	+0.0446%	8h	61.900	0.000%	$8.1M	$3.5M	75x	as long as short